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| New York, NY, USA Execution
Quality in the
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| Executive Summary | 3 | |
| Background | 4 | |
| Methodology | 4 | |
| Data Used in Report | 4 | |
| Caveats About Data | 4 | |
| Measuring Execution Quality | 6 | |
| Speed | 6 | |
| Price | 6 | |
| Overview of Market Data | 8 | |
| Summary Statistics | 8 | |
| Speed | 13 | |
| Price | 20 | |
| Ranking by Type of Market Center | 29 | |
| Major ECNs | 29 | |
| Major Market Makers | 29 | |
| Comparison and Ranking | 31 | |
